Nova Iron & Steel Ltd has applied to BSE for the reclassification of three shareholders from the Promoter to Public category. The shareholders, holding nil shares, filed a fresh application following BSE advice.
Nova Iron & Steel received reclassification requests from three promoters holding nil shares. The board will consider their reclassification from promoter to public category.
Nova Iron & Steel Ltd has applied to BSE for the reclassification of three promoters (Aniket Singal, Priyanka Ankit Miglani, and Radhika Saurabh Dhoot) to the public category. The group collectively holds 32,83,600 shares, representing 9.09% of the paid-up capital. This move follows compliance with SEBI Listing Regulations.
Nova Iron & Steel Ltd's Board approved the reclassification of Mr. Aniket Singal and two others from 'Promoter' to 'Public' category. The outgoing group collectively holds a 9.09% stake (32,83,600 shares). The reclassification remains subject to shareholder and stock exchange approvals.